NSTMX

About NSTMX

Columbia Short Term Bond Fund Institutional Class is an open-end mutual fund focused on investment-grade fixed income with a mandate to deliver current income while aiming for minimal principal volatility. The portfolio invests at least 80% of assets in bonds, spanning U.S. government and agency securities, corporate debt, and a meaningful allocation to mortgage- and asset-backed securities, positioning it within the short-term bond category. The strategy emphasizes limited interest-rate sensitivity, maintaining an effective duration around the short end of the curve, and uses diversified exposure to securitized credit and high-quality corporates to enhance yield relative to Treasuries while managing risk. The fund distributes income monthly and targets a stable net asset value profile typical of short-duration bond funds. With hundreds of holdings, a long operating history since 1992, and an institutional share class expense ratio under 0.50%, it serves as a core short-term fixed income allocation for investors seeking income generation and capital stability within diversified portfolios.